Merle M. Capello, CPP, is the Director of Payroll Compliance at Fingercheck. Merle has 25 years of experience spearheading the development, enhancement, and transfer of payroll and HRIS operations. She also serves as President of Capcill Consulting.
The common law principle governing unclaimed property is called “escheat.” Under English common law, it was a rule that returned or surrendered property to a lord or to the Crown if no lawful heir could inherit it. The concept of e